SHEIN Outlines Plans To Reduce Carbon Emissions By 25 Pct

SHEIN Outlines Plans To Reduce Carbon Emissions By 25 Pct

SHEIN Outlines Plans To Reduce Carbon Emissions By 25 Pct
SHEIN Outlines Plans To Reduce Carbon Emissions By 25 Pct
Retail Bum

Retail Bum

Retail Bum

Retail Bum

Fast fashion retailer SHEIN is taking its first steps toward getting its ESG act together with plans to reduce carbon emissions by 25% in the next eight years.

The efforts follow years of criticism surrounding the company’s enormous carbon footprint. Last year alone, the company contributed 6.3 million tons of carbon dioxide emissions, significantly higher than its competitors.

“Today we’re taking a significant step forward, announcing a new set of 2030 goals that will help us accomplish emissions reduction targets for our entire supply chain over the next seven years,” said Adam Whinston, global head of ESG at SHEIN.

To meet its goal, the company has partnered with Apparel Impact Institute to reduce its Scope 3 emissions by requiring its suppliers to utilize renewable energy sources and implementing carbon reduction plans, Retail Dive reported. The company’s suppliers account for nearly 99% of its annual emissions.

As part of the partnership, the Apparel Impact Institute will develop energy-saving programs to reduce emissions by approximately 10% across 500 SHEIN partner facilities. These programs will focus on implementing strategies such as cooling and process water reuse, improving boiler efficiency, recovering heat from wastewater, and metering and data management.

Additionally, the company will accelerate the incorporation of recycled materials into its products with the goal of using up to 31% recycled polyester by 2030.

MUST READS
Russia’s Ozon Welcomes Chinese Sellers As Western Sanctions Take a Bite

Russia’s Ozon Welcomes Chinese Sellers As Western Sanctions Take a Bite

Russian retailer Ozon Holdings is seeking to boost cross-border trade on its platform by opening a new office in Shenzen, China. The announcement comes at a time when Russian companies are facing sanctions globally, forcing them to find new business partners in countries such as

Superdrug Launches Health and Beauty Focused Marketplace

Superdrug Launches Health and Beauty Focused Marketplace

Superdrug announced the launch of Superdrug Marketplace, a new third-party platform that will enable shoppers to buy from more than 300 health and beauty brands. Shoppers can use the marketplace to access Superdrug products and other emerging and established brands. Superdrug noted that the company

Gap Brings Banana Republic Back to the UK

Gap Brings Banana Republic Back to the UK

Gap plans to start reselling Athleta and Banana Republic in the U.K. and Ireland through its partnership with Next. The two companies formed a joint venture last year, which allowed Next to host Gap branded concessions at select physical store locations in London, Birmingham, Manchester,

No more posts to show, explore other topics: